Tuesday, February 15, 2011

An Ecuadorean court condemns Chevron to 8 billion dollars in fines

The U.S. oil company Chevron was sentenced Monday, February 14, a judge of Ecuador, to pay eight billion dollars for environmental damage caused by Texaco - a company he bought in 2001 - between 1964 and 1990, said the plaintiffs' counsel. The lawyer said he would speak in more detail on this sentence after reviewing the ruling.

The spokesman of the group for Latin America, James Craig, confirmed that a "conviction had been issued in the trials for environmental damage brought against the company in connection with the operations of Texaco Petroleum Company from 1964 to 1990. As the owner of Texaco, Chevron is condemned for the damage caused by Texaco in the Ecuadorian Amazon.

"We will appeal," said the spokesman of the group in New York. In a statement, the company has also ensured that the decision was "illegitimate and unenforceable", considering it was the result of "fraud and totally contrary to the legitimate scientific evidence." This sentence exceeds the originally required to record fine for the ExxonMobil oil spill in Alaska in 1989, approaching five billion dollars, before being reduced to 500 million.

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